Posted on 01/04/2020 8:46:53 PM PST by SeekAndFind
The only thing that rivals President Trump’s tally of kept promises is the endless list of inaccurate predictions his critics have made about the U.S. economy.
Of course, we heard these apocryphal predictions even before Donald Trump won the 2016 election. For instance, in October 2016, the far-left publication Politico boldly declared that “Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House.”
The ability of Trump’s critics to predict our economic future hasn’t improved with age. Throughout 2019, numerous so-called “economists” and “experts” have taken a swing at the president's economic policies, warning Americans that the next stock market crash was right around the corner.
In January, the uber-liberal Huffington Post published a typically baseless piece titled “4 Signs Another Recession Is Coming ― And What It Means For You.” Vox published a similar fear-mongering prediction over the summer, arguing that Wall Street “is at a point where it can’t — or won’t — ignore President Donald Trump’s trade antics and Twitter tirades like it used to.”
And who could forget some of the most recent warnings that slam Trump’s trade policy, such as Investor’s Business Daily’s headline: “Stock Market Reaction To Tariffs: Wall Street Has Seen This Before; The End Is Not Good.”
Despite the doom and gloom, as 2019 came to an end, the president inched ever-closer to a revolutionary trade deal with China, completing negotiations on what has been called phase one of that agreement. The Trump administration also successfully campaigned to get the U.S.-Mexico-Canada-Agreement approved by the Democrat-controlled House of Representatives, further instilling confidence and optimism in entrepreneurs that the ongoing economic renaissance is here to stay.
(Excerpt) Read more at foxnews.com ...
Andrew Franklin Puzder (born July 11, 1950) is an American attorney, author, and businessman. He is the former chief executive officer of CKE Restaurants, the parent company of Hardee's and Carl's Jr., a position he held from September 2000 to March 2017.
He was previously a commercial trial lawyer in private practice from 1978 to 1995 who handled many high-profile cases and was active in the pro-life movement.
unexpected...
drink!
Only Experts are liberal or progressive or whatever. There are no conservative experts. We don’t need them.
I SERIOUSLY think that no one every explained to these ‘economists’ that simply deregulating the economy, so that businesses can invest their capital in becoming more productive, rather than complying with regulations, has a HUGE EFFECT and can pretty much prevent recessions, which do not have to be cyclical, but have been.
The reason why recessions have been cyclical is because this country, far too often, elects a Leftist president who does exactly what’s needed to create a recession - which is to dump a bunch of regulations on the economy all at once. Some of the guilty include Nixon, Carter, Bush Sr, and Obama. Trump, obviously, does not to be part of that group...and he’s making damn sure that doesn’t happen.
There’s five measurements about the economy that I’ve come to note, that mean something to just regular people.
1. Around seven million Americans who were on food stamps in 2016 because they weren’t making enough off wages to survive....no longer qualify because their wages have gone up to meet the threshold.
2. If you have no high school diploma? The statistics right now for this group is at the lowest unemployment level since the 1950s when they started collecting data.
3. If you have a disability but want to work, the statistics show this group is at the lowest unemployment level since the 1950s when they started collecting data.
4. Seven million jobs have been added since day one of this administration. That’s the entire population of Tennessee (to include the elderly, kids, and guys in prison). Think about it....none of those jobs have anything regarding government job growth.
5. Finally, unemployed vets. Look at the data for the past year....lowest level of unemployment for them since the 1950s.
The town where I grew up near as a kid (Huntsville, Ala) will have around 4,000 new jobs appear this year (concrete drying on the assembly/technology buildings being built). Town’s unemployment rate is now at 2.1 percent. The mayor will be blunt...he’s got more jobs in planning stages but over the next 5 years, there’s 20,000 jobs coming, and not enough people within 50 miles to take these jobs. He’s gone to recruiting vets to move into the area, and enticing engineer-types to give up on California.
In simple terms, it’s the best years of our lives, and nothing is holding that optimism back.
The continued success of the American economy due to lower taxes, elimination of stupid regulations, and hardnosed negotiations given credibility due to tariffs and the threats of tariffs puzzles fake analysts! Partisan media shills and other Democrats hardest hit!
My stock AMD has gone up from where I bought it. Nearly doubled in the last 3 months. Bought at $25.86
https://finance.yahoo.com/quote/AMD?p=AMD
If I have the same luck in 2020 as in 2019 I can retire. The trade talks are going away and wall street knows Donald Trump is going to be elected again. The year 2020 is going to be a good year for our economy.
If the democrats had won, just imagine how bad our economy would be right now.
There is often some tough going in January, as the losses get dumped late in December and gainers that have bounced off the roof a few times get sold. I had a nice ride on some financial stocks, but I suspect they've pretty much peaked for now, and have been more active in trading. All this is in IRA of course -- that's the investment strategy that is also a tax strategy. For the most part I've avoided retail, and will continue to, but expect to move in an out of a couple that oscillate. Right now I've got $4 in cash, the rest in stocks. :^)
L8r
Working retirement in Huntsville. Considering.
L8t 5
If the U.S. economy is so great, then why are we running record deficits? Why do we have to borrow over a trillion dollars more each year than the economy produces?
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